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Shandong's provincial flagship steel producer, formed through consolidation of the province's steel mills, making flat and long steel products.
Shandong's provincial flagship steel producer, formed through consolidation of the province's steel mills, making flat and long steel products.
Sells steel at market prices set by Chinese demand and capacity, so earnings follow the gap between steel prices and iron ore and coking coal costs rather than product differentiation. The Shandong provincial government, through the Shandong Iron and Steel Group, controls it.
In one line: A large Chinese integrated steel mill.
Moat: none (scale). Commodity steel production in a chronically oversupplied Chinese industry with thin, cyclical margins.
Headquarters: Jinan, China · Founded: 2008 · Employees: 18,844
Size Shandong Iron and Steel (600022.SS) is a China Materials company (Steel) with a market value of $1.98B, the 1282nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥1.26 on 6 Nov 2026.
Performance Over six months the shares fell 12.5%, against -23.2% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue fell 10.1% over the last twelve months (peer median +0.7%).
Valuation It trades at 0.71× book value against a peer median of 1.56× (6th cheapest of 21).
Price implies The share price implies a return on equity of about 4.8%; Shandong Iron and Steel delivers -1.1%, so the price asks more than the business earns today.
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥65.2B | CN¥67.2B | CN¥76.5B | CN¥90.2B | CN¥102B |
| Revenue growth | — | -12% | -15% | -12% | — |
| Gross profit | n/a | CN¥5.93B | CN¥2.09B | CN¥3.07B | CN¥4.97B |
| EBITDA | n/a | CN¥4.50B | CN¥537M | CN¥2.19B | CN¥3.92B |
| Net income | -CN¥206M | CN¥106M | -CN¥2.89B | -CN¥400M | CN¥554M |
| Free cash flow | CN¥2.39B | CN¥4.11B | -CN¥72.2M | -CN¥1.80B | CN¥3.62B |
| Capital expenditure | CN¥1.12B | CN¥345M | CN¥344M | CN¥697M | CN¥1.94B |
| Total debt | CN¥36.1B | CN¥34.4B | CN¥37.9B | CN¥21.5B | CN¥20.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Shandong Iron and Steel 600022.SS | $1.98B | -12% | -10% | -1% | 0.71× | 4.8% |
| Baoshan Iron & Steel 600019.SS | $19.9B | -3% | +6% | 4% | 0.65× | 3.8% |
| HBIS 000709.SZ | $2.96B | -16% | -6% | 2% | 0.39× | 3.0% |
| Angang Steel 000898.SZ | $2.50B | -15% | -6% | -14% | 0.46× | 3.6% |
| Beijing Shougang 000959.SZ | $3.50B | -34% | -2% | 1% | 0.46× | 4.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 600022.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.1% | -8.2% | 6th highest of 21 |
| 6-month return | -12.5% | -23.2% | 7th highest of 21 |
| Return on equity | -1.1% | 7.1% | 6th lowest of 21 |
| Price / book | 0.71× | 1.56× | 6th cheapest of 21 |
| ROE the price implies | 4.8% | 15.5% | 3rd least demanding of 21 |
| ROE delivered | -1.1% | 6.2% | 6th lowest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Shandong Iron and Steel 600022.SS | China | $1.98B | -12% | -10% | -1% | 0.71× | 4.8% | -1.1% |
| Outokumpu OUT1V.HE | Finland | $1.99B | -31% | -7% | -2% | 0.52× | 8.0% | -2.3% |
| Xinxing Ductile Iron Pipes 000778.SZ | China | $2.05B | -24% | +15% | 3% | 0.52× | 3.7% | 2.6% |
| Worthington Steel WS | United States | $1.88B | -9% | +69% | -3% | 1.78× | 25.0% | -3.1% |
| Tung Ho Steel Enterprise 2006.TW | Taiwan | $1.86B | +26% | -4% | 14% | 1.71× | 5.2% | n/a |
| Ratnamani Metals & Tubes RATNAMANI.NS | India | $1.83B | -13% | -16% | 12% | 4.19× | 41.6% | n/a |
| KIOCL KIOCL.NS | India | $2.15B | -18% | +27% | 1% | 11.72× | 157.0% | n/a |
| Maanshan Iron & Steel 0323.HK | Hong Kong | $2.27B | -50% | 0% | -2% | 0.35× | 5.5% | -1.9% |
| Sichuan Anning Iron and Titanium 002978.SZ | China | $1.72B | -22% | -10% | 6% | 1.28× | 11.6% | 6.4% |
| China Nonferrous Metal Industry's Foreign Engineering and Construction 000758.SZ | China | $1.72B | -17% | +42% | 12% | 1.74× | 18.2% | 12.1% |
| Advanced Technology & Materials 000969.SZ | China | $2.28B | -32% | +37% | 8% | 2.53× | 25.5% | 7.8% |
| Daido Steel 5471.T | Japan | $2.29B | -4% | +8% | 8% | 0.71× | 8.8% | 8.1% |
| Jindal Saw JINDALSAW.NS | India | $1.70B | +4% | -1% | 4% | 1.27× | 13.8% | 4.4% |
| Alleima ALLEI.ST | Sweden | $2.32B | +9% | -5% | 6% | 1.31× | 13.1% | 6.1% |
| Chongqing Iron & Steel 1053.HK | Hong Kong | $1.64B | -27% | -8% | -18% | 0.45× | 5.9% | -17.6% |
| Sarda Energy & Minerals SARDAEN.NS | India | $1.63B | -27% | -2% | 15% | 1.90× | 26.3% | 14.8% |
| Hainan Mining 601969.SS | China | $2.44B | -33% | +29% | 11% | 2.27× | 20.6% | 10.9% |
| Angang Steel 0347.HK | Hong Kong | $2.48B | -32% | -1% | -14% | 0.20× | 4.6% | -14.2% |
| Suzhou Hesheng Special Material 002290.SZ | China | $1.51B | -50% | +1% | 19% | 9.22× | 93.6% | 18.9% |
| Godawari Power & Ispat GPIL.NS | India | $1.49B | -31% | +8% | 15% | 2.33× | 34.1% | n/a |
| Sims SGM.AX | Australia | $2.62B | -11% | +7% | 9% | 1.42× | 17.2% | 9.4% |